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Market Review: Bitcoin rebounded weakly yesterday, with the highest rebound at 37750 facing pressure and falling back. The lowest retracement was around 36710, with an overall decline of over 1000 points. In the morning, there was a rebound to run above 37200, and the overall market still presents a wide range of fluctuations

Market Analysis: The BOLL on the four small time frames is in a downward opening shape. The K-line has four consecutive declines testing the lower support, but it has not broken through and stabilized below. After testing the lower support, it has seen a small rebound, but the price is still running in the middle and lower track range. The MACD lines are diverging downwards, and the bearish volume is shrinking but still tends to decline. Therefore, the suggestion for the day is to short on the rebound.

Recommendation: Short the 37300-37500 range on the rebound, with the target at 36800 and consider exiting at the 36300 level.

A nationally registered senior financial analyst, with a master's degree in finance, has rich practical trading experience and unique trading concepts. He has unique research on the currency circle, Bitcoin, and Ethereum, and is one of the earliest veteran analysts in the investment field in China. If you need cooperation and assistance, you can private message the teacher or follow @沐长青-说趋势

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